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Stratey

11/05/08 3:16 PM

#12776 RE: 2future4u #12772

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WillyBoyXXX

11/05/08 3:30 PM

#12781 RE: 2future4u #12772

"What does R/S has ever to do with the stock name change?"

The company name might be retained, but the symbol and cusip # won't.

It has to do with the invalidation of old certs and the issuance of new. In "real" stocks, it forces shorts to cover.

If you look at the daily change list at OTCBB, all the splits announced there show a new symbol.

Unfortunately, I've been on the wrong end of several RS's, and they've all had symbol changes.
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Hunter6110

11/06/08 7:02 PM

#12934 RE: 2future4u #12772

They change the symbol to hide the past deeds...They do it to make it harder to do DD on it, because with the symbol change it basicly makes the past history go away, unless you know what the past symbol was, after the R/S and symbol change when you do DD almost all of what you find about the company is for the "new" symbol.